Cap Rate: 6.50%
Net Operating Income: $60,000
Square Footage: 4,931
This is an absolute net leased C-Store offering in Bull Shoals, AR. This Exxon branded station has a new 20 year absolute NNN lease and calls for 1.75% annual increases in rent. The lease is corporately guaranteed by a leading 462-unit operator.
Bull Shoals is a city in Marion County, Arkansas, founded in 1954. The population was 1,950 at the 2010 census. Primarily a retirement and vacation center, Bull Shoals is bordered in three directions by the clear, deep, man-made Bull Shoals Lake.